Greg,

I have been working with Bill Montez. I furnished a personal financial statement, EIN number, and we worked through a variety of forms. I am pulling together the partnership agreement and other organizational documents. Let me know what else I need to do.

I received the final geotech report yesterday. Let me know what this means. It did not look good to me. Crazy amounts of fill and still nowhere near a PVR of 1".

Bobincheck got me all fired up about HUD being out of money yesterday. Darrell calmed me down somewhat, but should we go ahead and submit a package to Bank One just in case?

Still need to look at the numbers once again. Email when ready.

Talk to you soon.

Phillip